NFT Market Update - 5th May, 2022

Gary Vaynerchuck responded to Elon Musk’s tweet about NFTs live on Squawk Box.

One of the largest crypto exchanges, Kraken, opened its waitlist for ‘Kraken NFT’ marketplace.

Gucci will accept cryptocurrency payments in some US stores at the end of this month and plans to extend the pilot to all North American stores this summer.

LooksRare introduced “Listing Rewards V2”. The new system will reward listings closer to the floor price and extend to 1.4x the existing floor.

‘John Wick’ writer Derek Kolstad is developing the animated series ‘Forgotten Runes Wizard’s Cult’ for Magic Machine. Official trailer here.